Germany’s car production is more than 25% below its mid 2010s level, according to an auto industry lobby group.
Photo: Krisztian Bocsi/Bloomberg NewsGermany is stuck in a rut, and there is no quick way out.
The European powerhouse’s economy, the largest on the continent and the world’s fourth biggest, shrank last year, extending a six-year slump that is raising fears of deindustrialization and sapping support for governments across the region.
Persons:
Krisztian Bocsi, deindustrialization
Organizations:
Bloomberg, Germany